I have been pumping this stock for ever it has made me a small fortune!!! Check out todays news an financials will be reported on the 25th next week...Rumor is they surpassed all expectations.
EchoPass Closes First Round of Financing Totaling $27.5 Million
Announces Reseller Agreement With U S WEST
AMERICAN FORK, Utah, April 19 /PRNewswire/ -- EchoPass Corporation (www.echopass.com), an ASP company offering an integrated Internet and
telephone customer support communication solution, today announced completion of its first round of funding totaling $27.5 million, including additional financing
from U S WEST, Inc. (NYSE: USW).
Sento Corporation (Nasdaq: SNTO) still retains approximately 26 percent ownership of EchoPass Corporation.
EchoPass also entered into an agreement with U S WEST, which will resell EchoPass' solution that features a state-of-the-art, integrated Internet and telephone
customer support communication service through U S WEST Managed Services.
"Quality customer service is of paramount importance for emerging eBusinesses, despite the necessary, yet expensive, infrastructure investments and long,
complicated implementations," said Ophyll D'Costa, vice president of Business Development, U S WEST. "The EchoPass technology overcomes these barriers with
a solution that requires almost no primary investment or implementation. The potential is enormous."
"There is a tremendous amount of interest in integrated, multi-channel customer support solutions," said Pat Caulfield, director of product management for U S
WEST Managed Services. "The marketplace is asking for convergence solutions, and our customers are prepared to engage in this form of customer
communications from the process and personnel standpoints. We believe they will be very interested in EchoPass' solution."
"I'm delighted to welcome U S WEST to the EchoPass team," said Arthur Coombs, CEO at EchoPass Corporation. "We have assembled a group of outstanding
allies including Canaan partners, New Enterprise Associates (NEA) and Genesys. We chose to work with U S WEST and these firms because they each have an
outstanding track record. With this funding in place, we have the capital, relationships and management team to accelerate the growth of our business."
EchoPass Corporation delivers to client companies the latest in customer support capabilities including, telephone and Internet calls, e-mail, Web text chat, Web call
backs, browser collaboration, voicemail, and fax. EchoPass' solution is designed to direct incoming interactions to the right client company's agent at the right time
with skills-based routing and customer data screen pops, enabling immediate and accurate customer care. Echo Pass is an application service provider (ASP) that
hosts, configures and maintains the backend infrastructures at their datacomm facilities. These facilities permit client companies access to all communication
capabilities through standard Web browsers. Once implemented, companies will be charged based on usage, eliminating the need to undertake costly build-outs of
their own infrastructure and to hire and train additional IT staff to manage these critical business applications.
About U S WEST
U S WEST is a leading broadband and communications service provider, with more than $13 billion in annual revenues. U S WEST leads the industry in deploying
next-generation broadband ADSL and VDSL Internet access and data/video services; offers the nation's first and only 'one-number' advanced wireless service that
integrates customers' home or business phones with their wireless PCS; and provides multimedia advertising services, including Internet & print directories. The
company has more than 2 million miles of deployed fiber in the U.S., provides local exchange services to more than 25 million customers in 14 states, and provides
wireless services to more than 500,000 customers and data services to more than 800,000 customers nationally.
U S WEST is merging with Qwest Communications International Inc. The combination, to be named Qwest Communications International Inc., will create a
communications powerhouse with a market capitalization of more than $70 billion, headquartered in Denver and employing about 64,000 people worldwide. U S
WEST and Qwest will unite the nation's most innovative local, wireless and broadband communications firm with one of the world's most advanced fiber-optic
networks and broadband Internet providers. Together, the two firms will have more than 3 million miles of deployed fiber in the U.S. and worldwide, 29 million
customers and a local network that is 99.2 percent digitally switched. For more information about U S WEST, go to uswest.com .
About Canaan Partners
Canaan Partners (www.canaan.com) is a national venture capital investment firm formed in 1987. Canaan specializes in startup and emerging-growth companies in
information technology and services, as well as health care and financial services.
About New Enterprise Associates
New Enterprise Associates (NEA), formed in 1978, is one of the industry's premier venture capital firms. NEA invests in early-stage, high technology companies
and teams with management to build companies of lasting value. More than 100 NEA companies have gone public in the Internet infrastructure, information
technology and health care industries. For more information, please visit www.nea.com .
About Sento
Sento Corporation provides technical services for organizations using Windows NT and UNIX client-server computing environments. These services include,
Contract Technical Support, Help Desk Services, Technical Training and Education. Sento conducts its business through its operating divisions including Sento
Training and Sento Technical Services. For more information, visit Sento's home page at www.sento.com .
About EchoPass
EchoPass Corporation is an ASP (applications service provider) company offering an integrated Internet and telephone customer support communication solution.
EchoPass Corporation delivers to client companies the latest in customer support capabilities including, telephone and Internet calls, e-mail, Web text chat, Web call
backs, browser collaboration, voicemail, and fax in a hosted environment. For more information, visit EchoPass' home page at www.echopass.com . |
